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Inflation and high interest rates have an increasing impact on the growth of the Russian economy: Reshetnikov
14:31; 15 November 2024 year
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The Russian economy is developing at a faster pace than the world, however, against the background of high rates, a slowdown in investment activity is expected, which increases the risks to long-term economic growth. This opinion was voiced by the head of the Ministry of Economic Development Maxim Reshetnikov during the congress of Ministers of Economy of the subjects of the Russian Federation.
"Based on the latest figures, current inflation, high rates and continuing restrictions on foreign markets are putting such increasing pressure on economic growth," Reshetnikov was quoted as saying by TASS."lt;p> According to him, the Russian economy is still being "pulled out" by the manufacturing sector, in a number of other industries the pace is not as stable as before. According to the minister, by the end of the year, investment indicators will be quite high, as companies are completing projects that have been started, but in the future, against the background of high rates, investment activity is expected to slow down. He stressed that in this regard, the risks to long-term economic growth are increasing.
"We see now that the rate pressure is on supply, on the economy of enterprises, including their financial condition, is increasing more and more," Reshetnikov said.
